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Hi all, I have a question about money management. Jordan Belfort once said in a podcast that money managers who can produce a consistent 25%+ monthly return can make a lot of money in this business. Not only do they have a high return, but they also can command a higher performance fee and...

Hi guys, is there a chart service that shows moving average crossovers with alerts for stock options? I can't find live quotes anywhere for options. I subscribed to Interactive Brokers' live options feed (OPRA) but the charts for the options are still delayed and don't seem to update as the...

Hi everyone, I'm new to forex trading. I had a buy stop in place for the Eur/Jpy pair. The order got filled at around 4pm pacific time. I use Mt4. I saw the dotted lines that showed my buy stop, the stop loss and take profit. For some reason my trade was opened and closed. MyFxBook shows a...

Do you mean 17 stocks? Do you find organization is a key element to profitable trading?

Hi everyone, I'm new to trading. I've been having moderate success day trading 1 stock. I make, on average, 1% a day. I've been playing around with a compound calculator and the difference between a daily 1% ROI and, say, 5% ROI, is huge. At 1% a day per stock, that would mean I'd have to trade...

Hi everyone, I'm new to trading stocks. I have a question about what stop loss to use when trading stocks. I learned how to trade stocks by reading "How to Make Money In Stocks" by William O'Neil. In this book, he recommends using a 7% stop loss and a 20% risk:reward ratio. But let's say I...

Hi all, I'm looking to trade the Dec 16 expiring 220 put/305 call short straddle. This is near delta neutral. According to Option Strat, the required (estimated) margin is $3,050. According to Interactive Brokers, the margin impact is $0. Which is correct? Thanks

Hi everyone, is there a way to automatically set a bracket order (both a Take Profit and Stop Loss) for every trade I make? For instance, let's say I want to trade the QQQ when I get my trade signal and want to automatically set a 7% Stop Loss and a 20% Take Profit when I buy the ETF. Is there...

Hi everyone, I'm new to options trading. I noticed that when I sell a bull put or bear call spread at Interactive Brokers, there is a margin impact in the spread's performance profile. For instance, I recently sold the 275/280 bear call spread for the QQQ and there was a margin impact of 500...

Hi all, is there any reason why TradingView doesn't show options charts like InteractiveBrokers does? It would be awesome to get real-time quotes from TV. What are your thoughts? Thanks

Hi I'm looking for real-time quotes for the SMART exchange so I can day trade options. Interactive Brokers has 15 minute delayed data but I need real time quotes. Are there any services out there that provide this? Thanks

Hi all, I've been using Yahoo Finance charts for options trading. Can you please tell me what OPR stands for? The quotes are delayed by 15 minutes. Thanks

Thanks for the reply. I'd rather get assigned the stock at 271.95 because as a seller of the put, when assigned, I have to buy 100 shares at the strike price and then sell them again for a loss to close the position. At 271.95, the loss will be smaller compared to 250 (assuming a 272 strike)...

Thanks for the reply taowave. If the stock closes below 272, will the long put that's in the money cover any loss incurred from assignment of the short put? Both the long and short put have a strike of 272. Does the long put need a higher strike price in order for me to profitably exercise it...

Hi everyone, I'm new to options trading. Someone at thetagang recommended trading calendar spreads because they're more "forgiving" in the sense that there is a wider profit range before the spread starts losing value. I'm looking to trade the Dec 16th/Nov 18th 272 calendar put spread for the...

I've been playing around with Options Profit Calculator. I was analyzing a neutral butterfly and experimented with changes in IV and how it impacts the profitability of the spread. The spread I was analyzing was September 30 expiration 270/275/280 call spread. The QQQ is currently at 275.51...

Hi guys, when I think of the term "professional trader" I think of day traders who trade individual stocks, futures, and currencies. Is it possible to call myself a professional trader if I successfully position trade ETFs like the SPY or QQQ? I typically only make 2-4 trades a year. I would...

Hi everyone, I've noticed that the inverse ETFS like the SPXU and SQQQ tend to gap up at the opening bell during the market correction a few times a week. I notice they gap up much more than they gap down (during the correction). Have any of you bought the ETF the day before just before closing...

Hi guys, I'm trying to find a stock scanner out there that looks for 2b formations. If you're not familiar with Victor Sperandeo, he popularized the 1-2-3 trend change and the 2b formations. A 2b formation is a double bottom or double top reversal on the daily chart. Do you know if there's a...

Hi guys, I've noticed the major indexes gap up or down a few % points on average about twice a week. Let's say the SQQQ is setting up for a break out past the most recent swing high above the 60sma. If I enter a buy stop order at the base high (eg 55.67) with my broker, and the SQQQ gaps up 2%...